Author Bio
Eric has been writing about stocks and finance since the mid-1990s, when he lived in Prague, Czech Republic. Over the course of a varied career, he has also been a radio newscaster, an investment banker, and a bass player in a selection of rock and roll bands. A native New Yorker, he currently lives in Los Angeles.
What happened
On Thursday
LendingClub (NYSE:LC) stock entered the stratosphere with an almost 48% gain. The fuse that lit the rocket was the company's publication of a fresh set of quarterly results.
So what
LendingClub, which has been pivoting from its peer-to-peer borrowing roots into a more traditional financing provider, absolutely thrashed analyst estimates in its second quarter.